₦airaland Forum

RenaissanceGuy:
Africans with their inferiority complex. Imagine a single soldier offering to come train thousands of already-trained vigilante members, as if he got his own training from heaven. We always believe that the white people have solutions to all problems, when we can simply use our God-given brain to work out solutions ourselves.

black man seldom uses his God given brain to proffer solution to his problems

casualobserver:
Oga please talk with some sense. Don accounts contain $30b

Oga nobody stores that amount of dollars at home.

Mr sensible if
there's $30b in Dom accounts,I can confidently tell you that there is more dollars outside the banking system.

casualobserver:
Why is the Naira falling? Because there is speculative purchase of dollars. Why is there speculative purchase? because people feel it wil continue to go lower and so it feeds on itself.

There is forex in the system, the problem is people are buying dollars not to purchase anything but to preserve their wealth, this is because we have dom accounts, so you can buy dollars and do nothing with it. Meanwhile those who have legitimate need for dollars are competeting with those who just want to buy dollars to put in their dom accounts.

The frenzy has started, Naira can easily hit N4000:$1. The only way to stop the slide is to ban dom accounts at which point the only people buying dollars will be those who have legitimate businesses and those willing to store in cash.

Mark it down that I said it here, the only solution and the only point at which the decline will stop is when dom accounts are banned.

Our yearly import bills are less than the yearly forex inflows (official and unofficial) so clearly this decline in Naira is speculation and hoarding.

dollars stored in rooms at home by nigeria politicians is far more than those in Dom accounts.

It's no longer news that politicians no longer take their loot abroad,they are stored in different foreign currencies expecially the dollars in their mansions and country homes

Balkan:
There is a common misconception among people that only the Igbos are involved in importing goods into the country. This misconception might be fueling targeted policies that are intended to discourage or regulate the importation of goods into the country by Igbos.

However, it is important to note that such policies may have unintended consequences, such as creating more billionaires of Igbo extraction who have the resources and expertise to navigate the complexities of the importation business. Ultimately, it is important to have policies that are fair and equitable to all citizens, regardless of their ethnic or regional affiliations.

As they are discouraging import by raising the bar have they made provisions or alternatives.

All these fire brigade approaches will further worsen and bring economic activities to a halt.

Coolsperm:
We Yoruba Muslims are now very tired of this unworkable one Nigeria, We want Oduduwa republic

One nigeria has favoured the west, the gains of Lagos being the federal capital for many years is overwhelming.The Yorubas have no cause to complain,they have as well produced president of Nigeria.

What of the Niger Delta that is producing the wealth of the nation that has been neglected.